RBI Releases Draft Circular on ‘Forms of Business and Prudential Regulation for Investments’
- Blog|News|FEMA & Banking|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 7 October, 2024
Latest from Taxmann
Press Release No. 2024-2025/1225; Dated: 04.10.2024
RBI has released a draft circular on ‘Forms of business and Prudential Regulation for Investments’. As per the draft circular, only a single entity within a bank group must undertake a particular form of permissible business. Multiple entities within a bank group must not undertake the same business or hold/acquire the same category of license/authorisation or registration from any financial sector regulator. This circular applies to all SCBs (excluding RRBs).
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
